PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of June 30, 2016 unaudited and December 31, 2015 audited and For the period of six months ended June 30, 2016 and 2015 unaudited
Expressed in thousands of Indonesian Rupiah, unless otherwise stated
41
5. TRADE RECEIVABLES
The details of trade receivables are as follows:
June 30, 2016 December 31, 2015
Related parties Note 32 Rental of retail and commercial investment properties
2,476,375 3,381,407
Sale of houses, shops and landplots 173,272
391,564 Others
13,707 13,560
Third parties
Sale of apartment units 121,194,521 72,977,221
Sale of houses, shops and landplots 60,606,040 12,080,843
Rental of retail and commercial investment properties 33,812,956
33,872,313 Hotel
services 5,453,577
2,484,591 Rental of residential and office investment properties
3,990,177 4,546,078
Monthly membership fees in sports club 348,086
3,249,719 Others
14,869,827 12,923,985
Total trade receivables 242,938,538
145,921,281
All of the Group’s trade receivables are denominated in rupiah. As of June 30, 2016, trade receivables amounting to Rp38,936,775 2015: Rp32,371,486 are pledged as collateral for
loans payable to BCA Note 14. Based on a review of the status of the individual trade receivables at the end of the year, the Group’s management
believes that all of the trade receivables are current and fully collectible.
6. OTHER RECEIVABLES
This account consists of receivables from third parties, as follows:
June 30, 2016 December 31, 2015
Current other receivables Land
management 9,167,658
1,682,609 Interest
58,110 554,749
Contractor -
803,412 Others each below Rp5.000.000
2,942,078 3,073,983
Total current other receivables 12,167,846 6,114,753
Non-current other receivables Others
347,067 347,067
Total other receivables 12,514,913
6,461,820
PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of June 30, 2016 unaudited and December 31, 2015 audited and For the period of six months ended June 30, 2016 and 2015 unaudited
Expressed in thousands of Indonesian Rupiah, unless otherwise stated
42
7. INVENTORIES
June 30, 2016 December 31, 2015
Inventories consist of: Inventories available for sale:
Houses 88,842,268 43,612,358
Landplots 71,605,788 71,468,116
Shops 24,775,141
27,719,539 Total inventories available for sale
185,223,197 142,800,013
Inventories under construction: Buildings 2,263,387,301
2,068,578,885 Apartments 1,412,485,748
1,476,738,490 Landplots 1,227,172,112
1,211,118,449 Total inventories under construction 4,903,045,161
4,756,435,824 Others
24,967,619 25,571,090
Total inventories 5,113,235,977
4,924,806,927
The movements in the buildings and apartments inventories under construction account are as follows:
June 30, 2016 December 31, 2015
Beginning balance 3,545,317,375
1,967,632,285 Production costs
931,522,946 3,269,528,947
Transfer to building inventories available for sale 800,967,272
1,691,843,857
Ending balance 3,675,873,049
3,545,317,375
The movements in the buildings and apartments inventories available for sale account are as follows:
June 30, 2016 December 31, 2015
Beginning balance:
Houses 43,612,358
25,724,083 Shops
27,719,539 112,127,097
Transfer from buildings inventories under construction 800,967,272
1,691,843,857 Cost of sales Note 29:
Apartments 430,155,473
885,101,875 Houses
320,628,806 601,391,348
Shops 7,897,481
271,869,917
Ending balance 113,617,409
71,331,897
PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of June 30, 2016 unaudited and December 31, 2015 audited and For the period of six months ended June 30, 2016 and 2015 unaudited
Expressed in thousands of Indonesian Rupiah, unless otherwise stated
43
7. INVENTORIES CONTINUED
